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Monday, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
 The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise has been modest, contrast to the series of decline that the industry’s benchmark, the Baltic Dry Index (BDI), showed during its downfall, when in 35 straight loss-making sessions it lost 60% of its value. Today, the market stands at 1,967 points, rising 1.29 percent on Friday.
Another positive fact was the continuous support that the capesize segment has been finding as of late. Now, average freight rates for capesizes stand at $ 14,965, higher than the $ 9,300 per day, reached in mid July. But, it’s still a very long and doubtful climb back at $ 55,000/day that those vessels had reached by late of May this year. Even so, it’s lagging severely from the smaller in size panamax ship type. Panamax vessels now earn $ 21,155 per day on average, which is a serious gap. According to remarks quoted by Reuters, made by Braemar Seascope, “the situation has been positive this week, although the atmosphere remains fragile due to uncertainty derived from the obvious scenario of lack of cargoes and an ever increasing oversupply of (capesize) ships.
Meanwhile, industry observers have been closely watching the situation in India, where the southern state of Karnataka, which stands for almost 20% of the country’s iron ore production, is looking to ban iron ore exports from ports, a move which if materialized, it could change trade patterns of iron ore trade. This would mean that shipowners could see more ore shipments from Australia and Brazil to China, a development that would affect freight rates, especially in the capesize segment, bringing more degree of support as a result of the longer ton-mile journeys.
In the second hand market, as well as the demolition front, things were pretty active last week. According to a weekly report from Piraeus-based shipbroker Golden Destiny, 20 sales were reported in the secondhand and demolition market. “The highest activity has been recorded in the newbuilding market with 44 orders reported in total. The secondhand market has been marked with almost 57% negative yearly change with 9 vessels reported to have changed hands this week equalling to a total amount of money invested around US$ 78,500,000, one enbloc tanker S&P transaction reported on private terms.
In the demolition market, 12 vessels have been headed to the scrap yards of total deadweight 693,369 tons, while in 2009 9 vessels reported for scrap indicating a positive yearly change of 33.3% In the newbuilding market, 44 vessels reported to have been ordered equalling to a total deadweight around 1,702,860 tons. The dry sector has held the largest share of newbuidling contracts with 24 bulkcarrier transactions equaling to a total deadweight of 1,505,860 tons, with kamsarmaxes being the most popular vessel type.
The Greek presence has been noticed this week only in the newbuilding market in the bulk carrier sector with no new orders placed but replacement of cancelled tanker orders, originally contracted at the end of 2007 and 2008, with kamsarmax bulk carriers. Chinese presence seems to start calm down and in the newbuilding market as only a 4 units order reported placed this week, for kamsarmax bulk carriers, in domestic yard for a total amount of money invested around US$ 134,000,000” Golden Destiny said.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 29 July 10
BALTIC INDEXES ARE POSITIVE SINCE A FEW DAYS
Handy
Baltic indexes are positive since a few days which could mean that markets have bottomed out (as we correctly predicted in our report of las ...
Wednesday, 28 July 10
INDONESIA'S MERUKH SECURES US$200 MLN INVESTMENT FROM SAN MIGUEL
Trading Market Reported that, Indonesian mining company Merukh Enterprises said it has secured an investment commitment of US$200 million from the P ...
Wednesday, 28 July 10
RIZAL RISJAD MAY OWN 10% BERAU ENERGY
Rizal Risjad, son of Indonesian tycoon Ibrahim Risjad, might own 10% stakes in PT Berau Coal Energy Tbk (BRAU), parent company of Indonesia's fifth ...
Wednesday, 28 July 10
UNUSUAL RAINS TO HIT COAL EXPORTS
COALspot.com: Heavy rains in South and East Kalimantan have compelled coal exporters to delay or cancel coal exports. PT Bayan and PT. TIA hav ...
Tuesday, 27 July 10
INDIA HAS IMPORTED 1.5 MILLION TONS OF COAL LAST WEEK
COALspot.com: Coal imports in Indian ports have reached over 1.5 million tons for the week ended 25 July 2010. According to port agents, aroun ...
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- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- VISA Power Limited - India
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Planning Commission, India
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
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